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2024 | OriginalPaper | Chapter

Spatial Regression Analysis of FDI and Economic Development: The World Perspective

Authors : Rossarin Osathanunkul, Jirapa Inthisang Trochim, Woraphon Yamaka

Published in: Applications of Optimal Transport to Economics and Related Topics

Publisher: Springer Nature Switzerland

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Abstract

Foreign direct investments (FDIs) play a vital role in promoting an open and effective international economic system and are essential for economic development. However, the benefits of FDI are not equally distributed across countries, sectors, and locations. Theoretical approaches highlight the significance of complex integration strategies of FDI inflows and the interdependence between locations. Yet, little attention has been paid to incorporating the potential cross-country dependencies into the empirical analysis of the determinants of foreign direct investment. Therefore, this paper aims to ex-amine the relationship between foreign direct investment and economic development, utilizing a spatial panel data technique. The empirical analysis uses panel data for 166 countries from 2001 to 2017. Our findings suggest a weak spatial dependence on foreign direct investment and economic development at the international level.

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previous chapter Quantile Prediction in the Capital Asset Pricing Model Using Histogram-Valued Data
next chapter Enhancing Time Series Forecasting in Foreign Exchange Markets with a Hybrid Model Based on Histogram-Valued Data
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Metadata
Title
Spatial Regression Analysis of FDI and Economic Development: The World Perspective
Authors
Rossarin Osathanunkul
Jirapa Inthisang Trochim
Woraphon Yamaka
Copyright Year
2024
Book
Applications of Optimal Transport to Economics and Related Topics

Print ISBN: 978-3-031-67769-4

Electronic ISBN: 978-3-031-67770-0

Copyright Year: 2024

DOI
https://doi.org/10.1007/978-3-031-67770-0_34

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